BASF prepares for transformation into European entity
10/07/2007
In preparation for German chemicals company BASF’s transformation into a European entity next year, the supervisory board has appointed two new members, Dr. Harald Schwager and Dr Wolfgang Büchele, to the board of executive directors, effective January 1. The contracts of two current members, Dr. Kurt Bock and Dr Andreas Kreimeyer, have also been extended until the annual meeting in 2012.
The new appointments were necessary due to the retirement of three current members. Eggert Voscherau, who has been a member of the board since 1996 and is its vice chairman as well as BASF’s Industrial Relations director, will retire following the annual meeting on April 24, 2008; Peter Oakley, a member of the board since 1998 and responsible for Agricultural Products & Nutrition, Specialty Chemicals Research and BASF Plant Science, will leave the company to pursue other business opportunities following the transformation of BASF AG into BASF SE; and Klaus Peter Löbbe, who has been a member of the board since 2002 and is responsible for North America and the Catalysts division as well as being chairman and CEO of BASF Corporation, Florham Park, New Jersey, will retire from BASF for health reasons, effective July 31.
The new appointments were necessary due to the retirement of three current members. Eggert Voscherau, who has been a member of the board since 1996 and is its vice chairman as well as BASF’s Industrial Relations director, will retire following the annual meeting on April 24, 2008; Peter Oakley, a member of the board since 1998 and responsible for Agricultural Products & Nutrition, Specialty Chemicals Research and BASF Plant Science, will leave the company to pursue other business opportunities following the transformation of BASF AG into BASF SE; and Klaus Peter Löbbe, who has been a member of the board since 2002 and is responsible for North America and the Catalysts division as well as being chairman and CEO of BASF Corporation, Florham Park, New Jersey, will retire from BASF for health reasons, effective July 31.
Share this story:
